Australia's Viva Energy eyes worst week in a month as alkylation unit kept offline
Today 04:22
BUZZ-Australia's Viva Energy eyes worst week in a month as alkylation unit kept offline ** Shares of Australia's Viva Energy VEA.AX slip as much as 7.3% so far this week, set for its worst week since 25 May, if losses hold
** On Tuesday, the fuel retailer said its alkylation unit at the Geelong Refinery will remain offline and has been isolated from refining operations
** Co expects Geelong, largest of Australia's only two refineries, to operate without its alkylation unit throughout 2027, based on damage assessment from a fire in April
** Today, the stock falls as much as 2% to A$2.01
** YTD, stock down 1.7%, including day's moves
(Reporting by Aamir Sheik Khalid in Bengaluru)
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